The Impact of Financial and Non- Financial Incentives

  1. CHAPTER 1: INTRODUCTION The Impact of Financial and Non- Financial Incentives 

    • Introduction

Implementing practices that improve job satisfaction is the main function of human resource management. The Impact of Financial and Non- Financial Incentives Employees must be motivated through financial and non- financial rewards in order to perform and be satisfied in their jobs. Unavailability of financial and non- financial incentives results in high levels of job dissatisfaction and eventual low productivity and performance levels of employees. The benefits employees foresee for themselves and their families motivate them to give their best. Rewarding is one of the main strategies used by managers to motivate their employees. Rewards can be in terms of monetary or non- monetary. Therefore, the main purpose of this study is to determine the impacts of financial and non- financial rewards on job satisfaction.

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  1. Rate your responses for the following questions in a scale of 1-5 where 1 represents strongly disagree and 5 represent strongly agree
Questions Strongly Disagree Disagree Neutral Agree Strongly Agree
I have adequate information to solve problems in the organization          
I know what problem the organization needs to solve          
I am a creative employee          
I know the process for giving input or new ideas.          
I fully understand the company’s goals and vision.          
I am interested in helping the company to succeed